Tag Archive for: subprime loans after meltdown

Why We No Longer See Prepayment Penalties

PREPAYMENT PENALTIES EXPLAINED Prior to the mortgage meltdown of 2008, mortgage prepayment penalties were common. These were penalties that borrowers had to pay if they paid off all or a […]Read More

Today’s Subprime Is NOT Like Yesterday’s Subprime!

100% FALSE STATEMENT ABOUT SUBPRIME I received a copy of an internally circulated newsletter from a huge real estate firm with the following 100% incorrect statement about subprime lending: “Subprime […]Read More